Pakistan Secures $730M ADB Aid for Energy & SOE Reforms Amid Crisis

• Pakistan receives $730 million from the Asian Development Bank (ADB) to address its severe financial and energy crises.
• The aid is allocated for two key projects: 'Second Power Transmission Strengthening Project' ($330M) and 'Accelerating State-Owned Enterprise (SOE) Transformation Program' ($400M).
• The power project aims to strengthen the national grid, enable reliable transmission of 2,300 MW from future hydropower, and reduce load on existing lines.
• The SOE program focuses on reforming State-Owned Enterprises for greater efficiency, transparency, and accountability, including improving National Highway Authority (NHA) operations.
• Agreements were signed by Muhammad Humair Karim (Pakistan's Economic Affairs Division) and Emma Fan (ADB Country Director for Pakistan).

Why It Matters: ADB provides Pakistan $730M for critical energy infrastructure and SOE reforms to combat its financial woes.